Elon Musk launches XChat with ‘Bitcoin-style encryption’

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  • Elon Musk announced XChat, a new X messaging service, claiming it offers "Bitcoin-style encryption" and is developed using the Rust programming language.
  • Bitcoin experts quickly refuted Musk's encryption statement, clarifying the cryptocurrency itself is not encrypted but uses elliptic curve cryptography for core security.
  • Bitcoin's network actually relies on elliptic curve cryptography, a mathematical lock system, plus SHA-256 hashing for transaction validation and overall security.
 
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